B.A.T Capital to sell notes due 2024, 2026, 2029, 2049

By Devika Patel

Knoxville, Tenn., Sept. 3 – B.A.T Capital Corp. plans to sell four tranches of fixed-rate notes due in 2024, 2026, 2029 and 2049, according to a 424B5 filing with the Securities and Exchange Commission.

The notes feature a make-whole call and then a par call.

BofA Securities, Inc., Barclays, Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and HSBC Securities (USA) Inc. are the bookrunners.

The notes will be guaranteed by British American Tobacco plc, B.A.T. International Finance plc, B.A.T. Netherlands Finance BV and Reynolds American Inc.

Proceeds will be used to refinance upcoming maturities and for general corporate purposes.

The company is a subsidiary of London-based multinational tobacco company British American Tobacco.

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